Engineering management relies on the knowledge of engineering economics to be able to

evaluate projects from a financial perspective. Optimizing financial performance of a project is a

key responsibility of the engineer in the decision making process. Examples of engineering
projects would include but not limited to equipment replacement analysis, planning a new
product line, and waste management. This course is designed to present engineering students
the major concepts and techniques of engineering economic analysis that are needed in the
decision making process. The emphasis of this course is on the analytical analysis of money and
its impact on decision making
http://www.tamuc.edu/academics/cvSyllabi/syllabi/201320/22192.pdf

Topics covered in this course include time value of money, analysis of alternatives using net
present value and internal rate of return, depreciation, taxes, and inflation.
Monte Carlo simulation is used throughout the course to study variability in engineering designs
and the resulting economic impact. Engineering ethics case studies are presented and analyzed.
Contemporary economic issues affecting engineers are discussed
https://wmich.edu/sites/default/files/attachments/u883/2016/IEE%203100%20Generic.pdf

At the end of this course, a student should be able to:

1. have acquaintance with the subject of economic analysis, i.e. be able to formulate the
problem, analyze it, search for alternative solution, select the preferred solution.
2. have a mastery of the notion of time value of money including the concepts of present worth,
future worth, annuities, gradient series, geometric series.
3. be able to tackle reality issues and practical applications such as changing interest rates,
inflation, loan payment operations and bond problems.
4. be familiar with methods of measuring investment worth.
5. be able to compare alternatives using the methods of measuring investment worth.
6. have an acquaintance with the economic analysis used in the public sector and government
agencies.
7. be able to include depreciation in economic analysis.
http://www.aui.ma/personal/~A.Berrado/EGR2302/Syllabus_EGR2302_Spring2008.pdf

The course will essentially be taught by the conventional lecture method. However, it can also be
learned on a self-instructed basis via instructional and self-testing materials at three different
web sites (see URLs below). The first site resides at UTEP and consists of (1) Condensed
explanatory written materials with solved problems (2) PowerPoint presentations (even more
condensed than the written materials (3) Multiple choice practice tests (with answers) (4) Old
exam questions and answers, and (5) Student generated multiple-choice questions and answers.
The second site is at McGraw-Hill and contains on-line presentations (podcasts), condensed
explanations of the chapter materials, FE Exam review questions, T/F questions, and multiple
choice questions. The web site addresses are as follows:
Web Site Addresses:
http://engineering.utep.edu/enge/ie3326.htm
Username: ILUVIT Password: 2EZ4ME
http://highered.mcgraw-hill.com/sites/0073376302/student_view0/index.html
https://digitalmeasures.utep.edu/ai/atarquin/schteach/Syllabus%20CE%202326%20Fall
%202017-1.pdf

Methods of comparison of alternatives – present worth method (Revenue

dominated cash flow diagram), Future worth method (Revenue dominated cash
flow diagram, cost dominated cash flow diagram), Annual equivalent method
(Revenue dominated cash flow diagram, cost dominated cash flow diagram), rate
of return method, Examples in all the methods.
https://www.inspirenignite.com/anna-university/anna-university-b-tech-r13-8th-sem-
engineering-economics-detailed-syllabus/

Homework problems
https://digitalmeasures.utep.edu/ai/atarquin/schteach/Syllabus%20CE%202326%20Fall
%202017-1.pdf